Financials
Financial year 2025
db Hardwoods from Ledegem, company number BE0425328370, closed financial year 2025 with a result of € 151,562 after tax. For that financial year db Hardwoods recorded revenue of € 11 million and equity of € 5.8 million. Compared with financial year 2024, the result moved from € 275,331 to € 151,562. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 5.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 151,562
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 770,782
▲ 261% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5.7 million.
People and assets in 2025
2.9
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 268,233
▲ 2% vs 2024
€ 92,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 89,851
▲ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.2 million
▼ 24% vs 2024
Loans from banks and other lenders, long and short.
€ 557,250
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.
€ 40,077
▲ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,169,987 | € 13,729,091 | € 12,577,720 | € 10,991,223 | ▼ 13% |
| Profit after taxes | € 495,868 | € 295,696 | € 275,331 | € 151,562 | ▼ 45% |
| Equity | € 5,047,255 | € 5,342,951 | € 5,618,282 | € 5,769,844 | ▲ 3% |
| Total debts | € 6,962,837 | € 7,188,806 | € 6,883,677 | € 5,655,032 | ▼ 18% |
| Cash | € 2,017,743 | € 374,598 | € 213,467 | € 770,782 | ▲ 261% |
| Land & buildings | € 255,742 | € 237,171 | € 225,515 | € 215,936 | ▼ 4% |
| Retained profit | € 4,977,255 | € 5,272,951 | € 5,548,282 | € 5,699,844 | ▲ 3% |
| Bank debt | € 6,000,000 | € 6,000,000 | € 5,500,000 | € 4,200,000 | ▼ 24% |
| Balance sheet total | € 12,010,092 | € 12,531,757 | € 12,501,959 | € 11,424,875 | ▼ 9% |
| Employees (FTE) | 3 | 3 | 3 | 2.9 | ▼ 0.1 |
Key figures of db Hardwoods, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to db Hardwoods?
What happened at db Hardwoods in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 151,562 (▼ 45% vs 2024). Source: NBB ↗
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 495,868 profit in 2022 to € 151,562 profit in 2025.
Paid € 411,536 in corporate taxes since 2022.
Best year ever: 2022, with € 495,868 profit.
Pays suppliers within 20 days on average.
Management
Behind db Hardwoods are Heidi Demoen and Wood Sales & Investments CommV. The same people are also behind HOUT SERVICE. Heidi Demoen is also behind HILMA and HILMA INVEST.
Directors
According to the 2025 annual accounts
Wood Sales & Investments CommV
Managing director · represented by Wim Debackere
Also active at: HOUT SERVICE
Establishments
Establishment units
Physical locations of this company
Roeselarestraat 154
8880 Ledegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
dbhardwoods.com
Registered
1999-06-14
Registrar
ENOM, INC.
Expires
2026-06-14
Website info
Features
Security
Details
- Company number
- 0425.328.370
- VAT number
- BE 0425.328.370
- Registered office
- Roeselarestraat 154, 8880 Ledegem
- Names & denominations
- db Hardwoods
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1984
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Groothandel in hout
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)